International Reserves in Mongolia

Mongolia International Reserves | Economic News & Forecasts

Mongolia - International Reserves

The economy continued to expand strongly in the first half of the year, powered by shipments of minerals to China and investment in the country’s mining industry. However, data for September has started to display some alarming signs, with industrial production contracting for the second period in the last 12 months as a result of a sharp drop in mining of metal ores. Moreover, exports declined at the fastest pace in nearly two years in September. That said, the decline was mostly the result of lower prices for key commodities rather than an actual drop in volumes, suggesting that demand from China remains relatively strong. Finally, private consumption could lose steam in the coming months as domestic credit contracted in September. On the upside, China relaxed air quality targets in the north of the country for the October-to-March period, which should support Mongolia’s coal sector.

Mongolia - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)2.2  1.7  1.3  1.3  3.0  

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Mongolia International Reserves Chart

Mongolia International Reserves
Note: International reserves, months of imports.
Source: Bank of Mongolia and FocusEconomics calculations.

Mongolia Facts

Exchange Rate2,700-0.04 %Nov 21

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